Artson Engineering soars on winning Rs 1.26 bn Guwahati Airport contract

12 Jun 2024 CW Team

Artson Engineering's stock was locked at a 5% upper circuit, reaching Rs 184.60, following the company's announcement that it had secured a contract valued at Rs 1.26 billion from Guwahati International Airport. The contract entails the engineering and construction of an ATF Fuel Farm and Hydrant System at Guwahati International Airport.

Artson Engineering operates as a design, engineering, procurement, and construction company within the oil, gas, and hydrocarbon processing industry. It specializes in tankages, piping, and other mechanical packages, and it also undertakes structural fabrication works. The company operates two manufacturing facilities located in Nashik and Nagpur.

In Q4 FY24, the company reported a consolidated net profit of Rs 10.31 million, contrasting with the net loss of Rs 90.96 million reported in the corresponding quarter of the previous year. However, revenue from operations declined by 15.12% year-on-year, falling to Rs 240.87 million in Q4 FY24 from Rs 290.30 million in Q4 FY23.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..